American International Group, Inc.(AIG) is in an downtrend

(28-Jan-2008) (28-Jan-2008) American International Group, Inc.(AIG) closed at 54.75, up 1.53 or 2.87 % for the day. Based on our analysis, American International Group, Inc.(AIG) is in an downtrend.

The closing price of American International Group, Inc.(AIG) is below its 50 day moving average of 56.61 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that American International Group, Inc.(AIG) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 17-Jan-2008, about 8 trading days ago.